R1.1:1 Winner Target 1 second portion to BE stopped out for tiny win o/a <1:1 Winner
Comments
JamesZhang
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Actually, I agree with you that the price just finish a patten,and I think the up-trend line has already been broken.
dionvuletich
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Good luck with your trade..! at this stage it is not stopped out yet...
NFP pushed this Cypher to a quick win
ElPatron.Y
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You do you call that trendline if it doesn't have 3 touches yet?
dionvuletich
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Don't use trend lines - only showing because it coincided with the pattern... I'm trading the Cypher pattern alone and you only need two points to draw a trend line as long as the points are significant
More touches does not necessarily make a level stronger
Trading trend lines is usually a bad idea or most things from off-the-shelf trading books... they have you buying late at an arbitrary level with meadiocre reward to risk ratios and large stops
Actually, I agree with you that the price just finish a patten,and I think the up-trend line has already been broken.